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Dow: moving down continuously
2022-06-17
828
Fundamental analysis:
On Thursday, June 16, the Dow Jones index closed down 739.22 points, or 2.41%, at 29929.31; Fed chairman Powell described an optimistic scenario for investors, but the market found that it was difficult for the central bank to avoid high inflation and economic recession at the same time.
Dow Jones dj30 - 4-hour K-line chart display:
Technical comments: the short power continued to fluctuate downward after the Bollinger belt index went down the track. After the low level reached the node near 29729, the weak power was consolidated. The short-term short power continued to move downward. The Bollinger belt index began to move down slowly after the closing trend. The MACD index remained weak in the short area, and the RSI index remained narrow in the short area;
Multi empty turning point: 30130
Pressing position: 30331, 30560
Support position: 29763, 29560
Trading strategy: bearish below 30130, target 29763, 29560
Alternative strategy: bullish above 30130, target 30331, 30560
The above analysis is a personal point of view and is for reference only.
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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